The systems are used in rail, machine building, construction and mining industries, among others. CMG reported sales of about $44 million in the most recent fiscal year.

“CMG is a growing and profitable business with market-leading brands, a solid international presence and has an excellent financial profile,” said Dominic Pileggi, T&B's chairman and CEO, in a press statement. “CMG's diverse portfolio of cable protection systems complement T&B's existing product offering as well the portfolio of cable protection systems added when we acquired Swiss-based PMA AG earlier this year.”

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